TOP 10

$ 2.1bn

Credit first financial lender Avant sits second on our list of Top 10 fintech lenders , generating US $ 2.1bn in total across 13 rounds of funding . With a focus on alternative lending options and safe financial products , the Chicagobased fintech has become one of the world ’ s largest . Established in 2012 by entrepreneurs Albert Goldstein , John Sun and Paul Zhang , Avant was initially structured as a mid-prime lender , using its own proprietary tech in order to determine creditworthiness . The lender ’ s greatest growth spurt came between 2012 and 2015 when it generated over US $ 1bn in loans through its website – and received US $ 1.4bn in investment during this three-year period alone from VC firms including Tiger Global , Victory Park Capital , and August Capital . Initially operating in 16 US states , Avant ’ s services now extend to the UK and Canada .

fintechmagazine . com 143